Do You Really Need Regulation on Your Deposits?

Sally Kohn: We need proper regulation such that whatever the construct is of your bank, the way you run it, there needs to be per bank specific regulatory controls on you. She says any changes that you want to make by guaranteeing deposits, you have to rein in the bank simultaneously. "We're flying a plane with a broken wing here, and we're going to try to fix this," she said.

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